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Keywords:ample-reserves regime 

Working Paper
The Fed’s “Ample-Reserves” Approach to Implementing Monetary Policy

We describe the Federal Reserve’s (the Fed’s) approach to implementing monetary policy in an ample-reserves regime. We use a stylized model to explain the factors the Fed considers and the tools it uses to ensure interest rate control when the quantity of reserves is ample. Then, we take a close look at the Fed’s experience operating in this regime in the post-crisis period, both as it has raised and lowered its policy rate. Looking ahead, we highlight some considerations relevant for maintaining a level of reserves consistent with the efficient and effective implementation of ...
Finance and Economics Discussion Series , Paper 2020-022

Speech
Observations on implementing monetary policy in an ample-reserves regime: remarks before the Money Marketeers of New York University, New York City

Remarks before the Money Marketeers of New York University, New York City.
Speech , Paper 318

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